Examlex
Match each feature with its description.
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Assets
Economic resources owned or controlled by a business or entity that are expected to provide future benefits.
Liabilities
Liabilities are financial obligations or debts that a company owes to others, including loans, accounts payable, mortgages, and other forms of owed money.
Installment Note
A debt instrument that requires regular payments of principal and interest over a set period.
Fiscal Year
A 12-month cycle utilized by corporations and governmental bodies for the purposes of financial statements and budget planning, not always coinciding with the January to December calendar year.
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